bankruptcy

Saab sold to Spyker, 9-5 & 9-4X in production

Saab sold to Spyker, 9-5 & 9-4X in production


After announcing the imminent closure of their deadbeat Saab division, General Motors has now sold the long-running Swedish brand to Spyker, the niche exotic manufacturer from the Netherlands whose Russian investor connections had the General stalling all this time over concerns of technology transfer.

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GM announces death of Saab

GM announces death of Saab


General Motors had an overbearing number of brands up until earlier this year, after spending the last few decades picking up random brands for no apparent reason. One of those brands was the Sweden-based Saab, maker of quirky unwanted cars that no one outside Sweden seems to want. GM itself underwent bankruptcy this year, got bought out by Obama’s government, and has been cutting down its portfolio. GM tried to sell Saab to Koenigsegg, then to the Chinese, and then to Spyker. After those talks failed, GM has announced that they are killing Saab.

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General Motors goes bankrupt, GM ME unaffected

General Motors goes bankrupt, GM ME unaffected


American automaker General Motors has filed for bankruptcy. As analysts have known for months finally got confirmed, the largest car manufacturer in the world filed for “Chapter 11 bankruptcy protection” on June 1, 2009 in a New York court, declaring US$ 82 billion in assets and US$ 172 billion in debts. However, General Motors Middle East claims that they are unaffected.

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